DX
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Dynex Capital, Inc. (DX) closed at $13.57 as of 2026-05-01, trading 38.5% above its 200-week moving average of $9.80. The stock is currently moving closer to the line, down from 39.0% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Trading volume is running at 0.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.85 ratio) is neutral — neither side is clearly dominating.
Over the past 1946 weeks of data, DX has crossed below its 200-week moving average 17 times. On average, these episodes lasted 28 weeks. Historically, investors who bought DX at the start of these episodes saw an average one-year return of +18.1%.
With a market cap of $2.9 billion, DX is a mid-cap stock. Return on equity stands at 11.7%. The stock trades at 1.0x book value.
Share count has increased 225.9% over three years, indicating dilution.
Over the past 33.3 years, a hypothetical investment of $100 in DX would have grown to $130, compared to $2973 for the S&P 500. DX has returned 0.8% annualized vs 10.7% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -1.5% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: DX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DX Crosses Below the Line?
Across 16 historical episodes, buying DX when it crossed below its 200-week moving average produced an average return of +28.3% after 12 months (median +23.0%), compared to +25.8% for the S&P 500 over the same periods. 94% of those episodes were profitable after one year. After 24 months, the average return was +54.5% vs +54.9% for the index.
Each line shows $100 invested at the moment DX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DX has crossed below its 200-week MA 17 times with an average 1-year return of +18.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1989 | Nov 1990 | 95 | 64.9% | -46.1% | +772.1% |
| Nov 1994 | May 1995 | 25 | 38.0% | +40.0% | +83.9% |
| Jul 1995 | Jul 1995 | 1 | 3.0% | +55.5% | +54.2% |
| Sep 1998 | Dec 2002 | 224 | 98.0% | -60.9% | +12.0% |
| Oct 2008 | Jan 2009 | 14 | 19.3% | +41.0% | +432.5% |
| Feb 2009 | Mar 2009 | 2 | 10.0% | +56.7% | +447.7% |
| Aug 2015 | Apr 2016 | 35 | 15.7% | +31.3% | +155.9% |
| Apr 2016 | May 2016 | 1 | 1.0% | +19.5% | +128.5% |
| May 2016 | May 2016 | 1 | 1.0% | +16.2% | +128.5% |
| Aug 2019 | Oct 2019 | 12 | 9.3% | +10.4% | +95.6% |
| Mar 2020 | Jul 2020 | 18 | 38.9% | +70.9% | +136.4% |
| Sep 2022 | Jan 2023 | 16 | 17.3% | +2.8% | +65.1% |
| Feb 2023 | Jul 2023 | 21 | 16.9% | +7.9% | +62.1% |
| Aug 2023 | Aug 2023 | 2 | 3.9% | +14.0% | +63.3% |
| Sep 2023 | Dec 2023 | 12 | 23.6% | +18.6% | +60.6% |
| Apr 2024 | Apr 2024 | 3 | 2.6% | +10.3% | +56.1% |
| Jun 2024 | Jun 2024 | 1 | 1.4% | +19.6% | +54.1% |
| Average | 28 | — | +18.1% | — |
Frequently Asked Questions
Is DX below its 200-week moving average?
No. Dynex Capital, Inc. (DX) is currently 38.5% above its 200-week moving average of $9.80. It would need to fall to $9.80 to cross below the line.
What is DX's 200-week moving average price?
Dynex Capital, Inc.'s 200-week moving average is $9.80 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when DX drops below its 200-week moving average?
DX has crossed below its 200-week moving average 17 times in our data. On average, buying at that moment produced a one-year return of +18.1%. These dips have historically been decent entry points. These episodes lasted 28 weeks on average.
Is DX a good value right now?
Here's what our data says about DX as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 46. Return on equity is 11.7%. Price-to-book is 1.0x. This is not a buy or sell recommendation — always do your own research.
How does DX compare to the S&P 500?
Over the past 33.3 years, $100 invested in DX would have grown to $130, compared to $2973 for the S&P 500. That's 0.8% annualized vs 10.7% for the index. DX has underperformed the broader market over this period.
Does DX pay a dividend?
Yes. Dynex Capital, Inc. currently pays a dividend yield of 1503.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01